Abstract
Time consistency is an important property of any solution to a cooperative dynamic game. If the solution satisfies this property, players do not need to revise it and break a cooperative agreement. Strong time consistency is a stricter property which is applicable to cooperative set solutions. In this paper, the authors examine a class of linear-state games which come into use in many applications of dynamic games. Considering the core as the solution of the game, the authors provide sufficient conditions for its strong time consistency. In case of its inconsistency, the authors show how core elements can be realized using a strong time-consistent imputation distribution procedure.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
